Ant International, the digital payment and fintech company, has joined forces with Dock, a payments and banking technology provider in Latin America, to offer new AI-driven credit technology solutions in Brazil.
In a move to empower local partners and advance financial inclusions, Ant International will enhance the credit management capability and infrastructure efficiency for Dock clients, comprising of financial institutions, retailers, and fintech start-ups.
Both firms aim to make credit services more inclusive for underserved market segments, such as micro, small, and medium-sized enterprises (MSMEs).
As part of the collaboration, Ant International will explore integrating its AI-driven credit tech solutions, including an automated and intelligent risk management engine, into the Dock One platform. By adopting these solutions, clients are expected to optimise their credit decision processes, increase underwriting efficiency and reduce costs.
In addition, the partnership will also enable the refinement of risk models and credit policies, leading to more precise assessments in their credit operations. The firms hope the move will better position clients to serve a wider audience and open up new opportunities for growth, contributing to broader economic development in the region.
“Ant International is the partner we were looking for to materialise our financial inclusion goals. As we do on all our fronts of action, we seek partners who provide the most advanced technologies on the market and allow us to deliver this to our clients, integrating this technology on our platform Dock One,” explained Antonio Soares, CEO of Dock. “We will use technology to challenge the status quo in this sense and make credit more accessible. Our intention is, together with Ant International, to put solutions on the market that will significantly expand access to credit and take us to the next step of financial inclusion.”
Supporting underserved businesses and communities
In recent years, Brazil has made significant progress in financial inclusion. However, significant opportunities remain to further support MSMEs and other financially constrained groups. In response, Brazil is actively encouraging the digital transformation and innovation of financial services to boost financial accessibility.
“Brazil is leading the way in financial innovation and inclusion, and Ant International is excited to team with Dock in this dynamic market,” said Quan Yu, general manager of global credit tech at Ant International. “The partnership underscores our commitment to broadening financial accessibility and availability by providing local institutions with AI-driven technologies to better support underserved businesses and communities. We believe in the power of collaboration in promoting financial inclusion and are exploring more partnerships with industry leaders in the region.”
Since 2022, Dock has been amplifying the conversation in the market about the need for a new credit paradigm, which considers the particularities of Brazil. By combining Ant International’s advanced credit tech solutions with Dock’s operational expertise and strong market presence, this partnership will elevate the services Dock delivers to local institutions, helping them strengthen credit operations, as well as optimise infrastructure.
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